Tuesday, May 12, 2015

Funding Box: The Latest Startup News (May 12)

Image Credit: OfficeSnapshots
The Funding Box provides information on venture capital/private equity and startup fundings. Here's a list of top startup funding stories.


Pinterest, a San Francisco-based social sharing site, has raised an additional $186 millon in funding round. Investors included new investors Wellington Management Company and Goldman Sachs as well as existing investors Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital, SV Angel, Valiant Capital Management and Fidelity investments.

Eve, a London-based mattress startup, has raised £600 k in seed funding. Investors included Octopus Investments, DN Capital and FJ Labs. Eve will use the funds to expand its operations.

Zesty Limited, a London-based consumer healthcare platform, has raised $7.2 million in Series A financing round. Innovation Capital led the financing round with participation from Qualcomm Incorporated (through its venture investment arm Qualcomm Ventures), Mangrove Capital Partners and Maya Capital as well as existing investors TA Venture and ABRT Fund. Zesty will use the funds to accelerate growth in London, across the UK and Europe.

StrongDM, a New York-based monitoring service that detect real-time errors, has raised $800 k in seed funding led by Bloomberg Beta with participation from Data Collective, SocialStarts and Jerry Neumann. StrongDM provides automated real-time error detection for businesses to avoid the costs of bad decisions based on faulty data and make data-driven decisions based on the accuracy of data.

CrediFi, a New York and Israel-based big data platform for commercial real state finance, has raised $8 million in funding round. Battery Venture led this round with participation from Carmel Ventures and OurCrowd. The fresh funds will be used to expand its customer-facing organization and continue its platform development.

FST Biometrics, a Rishon Lezion, Israel-based biometric identification solutions provider, has raised $15 million in funding round led by Gary Fegel's GMF Capital. The company intends to use the investment for growth and marketing campaign.

Mode Inc., A San Mateo, CA-based provider of an Internet of Things platform, has raised $775 k in funding round. Investors included Metamorphic Ventures and Kleiner Perkins Caufield & Byers and several angel investors in Silicon Valley. Mode will use the funds to start serving high-volume traffic on its platform. 

Recoleta Digital Media, a Tucson, AZ-based creator of digitally driven personalized grocery circulars, has raised an undisclosed amount in its Series A-2 funding round. Desert Angels and Arizona Tech Investors led the round. The company will use the fresh funding to expand adoption of its platform.

Recruiter.com, a Farmington, CT-based online recruiting service, has raised over $350 K in funding round. A group of angel investors led by Thomas Zipp financed the round. The company will use the funds to accelerate the development of its services.

Bulu Box, a Lincoln, Nebraska-based discovery e commerce platform that allows users to sample and find their new favorite vitamins and supplements while providing actionable data back to brand owners, has raised $1.5 million in funding round. The round was led by Flyover Capital with participation from Dundee Venture Capital and Triompf. The company will use the funds to continue the growth of Bulu insights.

Electronic Warfare Associates, Inc., a Herndon, VA-based provider of electronic warfare, cyber security solutions and advanced commercial test tool systems to the US government and allied-nations, has raised $21.5 million in funding round. American Capital Ltd. Led the funding round, which took the form of senior secured term loans. The new funding will be used to refinance its existing indebtedness and provide capital for general corporate purposes.

Zuman, a Pleasanton, CA-based solution provider  for human resources, payroll and benefits administration, has raised $4 million in Series A funding round led by existing and new investors. The company intends to use the funds to grow sales, services and build its teams.

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